Welcome to the Zoom era. Business, Teaching and Exams on zoom are over; now employees are getting fired over zoom en masse. Better.com CEO Vishal Garg fired 900 employees on his zoom call, shocking 900 of its Better.com employees, who are invited to attend that zoom meeting. Surely a Bitter experience for Better.com employess.
“If you’re on this call, you are part of the unlucky group being laid off. Your employment here is terminated effective immediately,” Garg continued, citing changes in the market, “efficiency” and “productivity” as the reasons behind the mass termination.
“The market has changed … we have to move with it in order to survive,” the 43-year-old offered as explanation. “Ultimately it was my decision and I wanted you to hear it from me.”
Here is the video from tiktok: https://vm.tiktok.com/ZM8WoxjUC/
He then reportedly said the employees could expect an email from HR with details of severance and benefits.
Many of the top level executives are resigning over this insensitive (to put it mildly) attitude towards Better.com employees. Now Better.com seems to be delaying listing via SPAC.
Many are criticizing him and the Softbank-backed company for handling of this issue. Someone posted a mocking video on tiktok: https://www.tiktok.com/@remotevarun/video/7038608341731691823